Editor’s Note: See An Updated Look at the Federal Policies Governing How Agencies Use Voluntary Consensus Standards in Regulatory, Procurement, and Science Documents.
From: Safe Haven
Can Crypto Exchanges Self-Regulate?
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In March, they submitted a proposal to create a self-regulatory organization (SRO). The organization is meant to be a non-profit group that aims to develop industry standards and work with industry regulators including the U.S. Commodity Futures Trading Commission (CFTC) to prevent fraud and promote transparency.
The idea received the full backing of CFTC Commissioner Brian Quintenz, who has in the past called for the creation of a crypto SRO:
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